Self-Employed Loan Program

The Self-Employed Loan program is designed for entrepreneurs, business owners, and independent contractors who may not have traditional W-2 income but require mortgage financing. These loans evaluate alternative documentation such as bank statements, profit-and-loss statements, or asset-based income to determine repayment ability.
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Flexible Income Verification

Flexible Income Verification allows borrowers to qualify for a mortgage using alternative documentation methods rather than traditional W-2 forms and full tax return analysis. This approach is especially beneficial for self-employed individuals, business owners, freelancers, commission-based earners, and retirees whose income structure may not reflect their true earning capacity under standard underwriting guidelines. Instead of relying solely on taxable income, lenders may evaluate 12- to 24-month bank statements, profit and loss statements, asset depletion calculations, or 1099 income documentation. These methods provide a more accurate representation of consistent cash flow and financial strength.
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Competitive Rates & Terms

Self-employed borrowers can access competitive interest rates similar to those offered to W-2 employees, depending on credit strength, liquidity, and overall financial stability. Loan terms are available in fixed and adjustable structures to suit borrower objectives. Structured term options help borrowers balance monthly payment affordability with long-term equity growth, providing flexibility in financial planning.
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Benefits of a Self-Employed Loan

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Alternative income verification options for entrepreneurs and business owners

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Competitive rates and flexible term structures

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Simplified documentation pathways for qualifying borrowers

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Integrates with other programs like DPA or renovation loans for maximum flexibility
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Simplified Documentation Options

Depending on the program, some self-employed loans allow reduced documentation requirements, including bank statement analysis or year-to-date profit verification. This simplifies the process while maintaining regulatory compliance. Michael Glenner guides borrowers through available documentation pathways to select the option that best matches their income reporting method.
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Why Choose Michael Glenner at Contempo Lending

Choosing the right mortgage professional directly impacts your financing experience, approval success, and long-term financial outcome. Michael Glenner of Contempo Lending provides personalized mortgage solutions tailored to each client’s financial profile, property goals, and timeline. Rather than offering one-size-fits-all lending, every loan strategy is carefully structured to align with underwriting standards while maximizing affordability and long-term stability.

We are known for

Precision Pre-Approvals – Thorough income, credit, and asset analysis upfront to strengthen offers and reduce underwriting surprises.

Program Versatility – Access to VA, FHA, Conventional, Jumbo, Non-QM, HELOC, and refinance options tailored to complex financial profiles.

Transparent Communication – Clear rate explanations, fee breakdowns, and consistent updates from application through closing.

Efficient Closings – Proactive documentation management and lender coordination to minimize delays and meet contract timelines.

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Why Choose Rapid Closing?

Choosing the right mortgage partner can make all the difference in your homeownership journey. At Rapid Closing, we combine speed, expertise, and personalized care to deliver financing solutions that are tailored to your goals. Whether you’re a first-time home buyer, refinancing, or exploring specialized programs, our team is dedicated to making the process smooth, transparent, and stress-free. With Rapid Closing, you’re not just getting a loan—you’re gaining a trusted partner who stands by you every step of the way.

We are known for

Fast & Reliable Closings – Streamlined processes that save you time and stress.

Wide Range of Loan Programs – From FHA and VA to DSCR, Jumbo, and USDA loans.

Personalized Guidance – Clear, step-by-step support with dedicated loan specialists.

Flexible Solutions – Options designed for first-time buyers, investors, and unique situations.

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"FAQs"

Down payment requirements vary by loan program. FHA loans may require as little as 3.5%, Conventional loans can start at 3% depending on qualifications, VA and USDA loans may offer zero-down options for eligible borrowers, and Jumbo loans typically require higher down payments. The exact amount depends on credit profile, income, and property type.

Minimum credit score requirements vary by program. FHA loans are generally more flexible, while Conventional and Jumbo loans typically require higher scores. Non-QM programs may offer alternative qualification pathways for borrowers with unique financial circumstances. A full credit review determines the most suitable option.

On average, the mortgage process takes 21 to 30 days from application to closing, depending on loan type, appraisal timelines, and documentation responsiveness. Proactive pre-approval and organized financial documentation can significantly streamline the process.

Yes. Self-employed borrowers can qualify using alternative documentation such as bank statements, profit and loss statements, or asset-based calculations. Specialized programs are designed to accurately reflect business income while meeting lender guidelines.

Refinancing may be beneficial if you can secure a lower interest rate, reduce monthly payments, shorten your loan term, or access home equity. A detailed cost-benefit analysis helps determine whether refinancing aligns with your long-term financial goals.

Ideal for Small Business Owners

Self-employed loans provide opportunities for business owners to purchase, refinance, or invest in property without being limited by conventional W-2 income standards. This ensures access to competitive financing while accommodating entrepreneurial income structures. Borrowers benefit from tailored underwriting that recognizes business cash flow patterns, seasonal income variations, and asset strength.